Net Leased Goodwill Sold Date December 17, 2024
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Goodwill located at 3535 9th Street Southwest in Vero Beach, Florida for $5,030,000.
The 10,000 square foot built-to-suit property, leased to one of the top-performing Goodwill affiliates in the country, is strategically located with excellent visibility and access from Oslo Road/9th St SW (20,500 VPD) and just minutes from Interstate-95 (56,000 VPD). The property is surrounded by major retailers such as Walgreens, PNC Bank, CVS, and Dunkin’, as well as two prominent retail centers with Publix and Winn-Dixie. The population within a five-mile radius exceeds 88,000, with an average household income of over $95,000 within one mile. Additionally, the Florida DOT has planned a $95 million project to enhance ingress/egress off I-95, which will further boost traffic and population growth.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Florida-based private investor, and the buyer was a Midwest-based real estate investment trust.
Goodwill has been successfully operating at this location since its construction in 2008. Goodwill recently extended the lease through August 2034 which demonstrates commitment to the location. Additionally, Goodwill has considerable interior renovations planned for this property that will be completed in 2024-2025.
“The surrounding area has seen double-digit growth over the past decade,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, also of The Boulder Group, added, “Florida single tenant real estate assets remain in high demand.”
Back